Mizuho Expands Job Cuts To 4,300 As It Merges Banking Units

Bloomberg

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., third from right, speaks during a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., third from right, speaks during a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Mizuho Expands Job Cuts To 4,300 As It Merges Banking Units

Bloomberg

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., speaks during a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., speaks during a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Mizuho Expands Job Cuts To 4,300 As It Merges Banking Units

Bloomberg

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., speaks during a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., speaks during a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Mizuho Expands Job Cuts To 4,300 As It Merges Banking Units

Bloomberg

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., second from right, speaks during a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., second from right, speaks during a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Mizuho Expands Job Cuts To 4,300 As It Merges Banking Units

Bloomberg

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., arrives for a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images

Yasuhiro Sato, president and chief executive officer of Mizuho Financial Group Inc., arrives for a news conference in Tokyo, Japan, on Tuesday, Feb. 26, 2013. Mizuho Financial Group Inc., Japan's third-biggest bank by market value, plans to cut an additional 600 jobs as it targets profit of 550 billion yen ($6 billion) in three years following the merger of its lending units. Photographer: Tomohiro Ohsumi/Bloomberg via Getty Images